Articles tagged “extended stays”

Extended Stay America turned kitchenettes and weekly housekeeping into an over $6 billion business. Now everyone wants a piece. The model is usually resilient even during recessions.

Extended Stay America's CEO Greg Juceam believes the company's focus on long-term accommodations provides resilience against economic uncertainty, with its diverse customer base of housing transitioners and extended business travelers acting as a buffer.

Choice Hotels has been abandoning its roadside motel roots for more lucrative upscale and extended-stay properties. That means ice machines are out, and Instagrammable lobbies are in.

The real test will be whether Wyndham can scale this extended-stay hotel concept beyond a handful of trophy locations while maintaining the upscale positioning needed to justify premium rates.

Choice Hotels is betting big on extended-stay hotels but is doing so methodically.

Geoff Ballotti's comments suggested Wyndham is doubling down on its core economy positioning while selectively moving upscale through targeted acquisitions.

Wyndham said its RevPAR (that's hotel-speak for "how much money we make per room") might be flat this year, but its EBITDA (that's finance-speak for "profits, kinda") was still looking good. The hotel franchisor partly chalked that up to an improved tech game that has helped it boost margins.

While the extended-stay hotel boom may be more of a slow burn than a supernova, hotel brands with patience and deep pockets may find the long-term rewards to be substantial.

Unfinished hotel rooms are something new for a major hotel group. That's what Wyndham is offering in roughly 40% of the rooms of its newest brand.

Hyatt gave details on Wednesday about the first locations for Hyatt Studios, a brand it unveiled in April. The hotel operator will open the first Hyatt Studios just outside of Mobile,…